🐋 Crazy Shopping! A mysterious whale hoarded 1721 BTC in January, spending 196 million to buy the dip and it's still ongoing!

In the past 5 hours, this 'giant whale' has struck again – 200 BTC have been swiftly acquired, worth nearly 22.72 million dollars! Including this wave, within a month it has swept up 1721 Bitcoins from FalconX, spending nearly 200 million dollars, its aggressive moves have caught the market's attention: Is this betting on the next surge?

💥 The crypto industry is in a direct confrontation with the banking sector! The stablecoin bill has become a battleground

On one side, whales are buying frantically, while on the other, the regulatory battlefield is filled with smoke. On August 20, the Crypto Council for Innovation and the Blockchain Association jointly criticized the Senate: Don’t even think about touching the 'GENIUS Stablecoin Act'!

The banking industry is sharpening its knives, wanting to remove the clause that allows 'state-chartered institutions' subsidiaries to support stablecoin issuance across states, claiming it could 'trigger regulatory arbitrage, siphoning off 6.6 trillion in deposits'.

But the crypto community directly retorted:

- The adoption of stablecoins has little to do with the loss of bank deposits;

- Most stablecoin reserves are still obediently staying within the financial system;

- Why shouldn’t stablecoin users earn returns? This stifles fair competition, especially blocking consumers who cannot access traditional banking services!

On one side, whales are madly hoarding coins, and on the other, the regulatory shadow war is escalating, the chess game of the crypto market is getting more intriguing…$ETH $BTC